The performance of the most important stock exchange in the world, namely the US one, is dictated by large technological giants such as Apple or Microsoft, but in Estonia a different picture emerges. The list of stock exchange companies includes energy companies such as Enefit Green and occasionally also Infortar, banks such as LHV Group and Coop Pank, some shipping or Tallink and trading in the form of Tallinna Kaubamaja Group and several construction and real estate companies such as Merko Ehitus, EfTEN Real Estate Fund, Pro Kapital, Hepsor, Nordecon and Arco Vara.
Even the alternative exchange First North has only a few examples from the tech sector, such as Modera and TextMagic. This is despite the fact that the technology sector is considered one of the most promising growth engines of the Estonian economy and its gateway to the world.
Ärileht then asked market participants why, despite the success of the technology sector, only a few smaller examples have made it to the stock market. What’s the problem? If a simple, but not definitively exhaustive, answer is that the Tallinn Stock Exchange is, at least at the moment, so small and not very liquid, then other related reasons can also be found. But how much could the situation change in the next 5-10 years?
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2024-01-10 22:01:00
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